15 Hrs
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Egypt to resolve 230B pounds debt
The Egyptian government is working on settling financial entanglements between government entities by transferring ownership stakes from the National Investment Bank in banks and companies to the National Postal Authority, in order to settle debts totaling approximately 230 billion Egyptian pounds. This step is part of a plan to restructure liabilities and reduce financial overlaps among institutions, with implementation expected to take place during 2026. The goal is to gradually resolve the debt issue by 2030.
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